flip

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flip

To buy low and sell high in a fairly short period of time;sometimes associated with predatory practices such as securing an option on property about to be foreclosed and then exercising that option only if able to find a purchaser who will pay enough to generate a profit. In the meantime,the consumer cannot sell to anyone else.

• Condo flipping is accomplished through buying reservation rights in condos to be built in the future, and then selling those rights, not the actual condo, shortly before project completion. There are many Web sites devoted to nationwide markets for condo flipping.

• House flipping usually refers to the practice of buying a home at a price substantially below market because of the need for repairs and then making the renovations and selling in a short period of time, at a substantial profit. Acquisition and renovation is typically financed with a mortgage note due in six months. The practice is risky for those unfamiliar with construction, because delays can be catastrophic.

References in periodicals archive ?
based firm defined flipped homes as those sold for a second time within a 12-month period.
Magic is happening with deeper learning in the classroom," says Aaron Sams, founder of the Flipped Learning Network.
Home Flipping Report, 26,947 single family homes were flipped nationwide in the third quarter of 2014 representing four percent of all U.
7 percent of single-family home sales in the United States were flipped properties.
Originally invented in 1882 by Henry Van Hovenbergh of Elizabeth, New Jersey, flip books create the optical illusion of motion when images stacked in sequential stages of movement are flipped.
The company tracked public records and considered a house flipped if it was owned for six months or less.
When the die is flipped, either solder or an adhesive (usually electrically conductive) can be used to make the bond at the stud bumps.
In experiments, the researchers were surprised to find that it's difficult to tell from watching a coin whether it has flipped.